IS 130 Ch 1

According to Porter, ________ includes general management, finance, accounting, legal, and government affairs. firm infrastructure
Which activity of the value chain includes ordering and receiving raw materials for manufacturing? inbound logistics
Which of the following statements regarding an information system is true It stores data and produces information.
Processes, systems, and information need to be created by a company to avoid falling behind the technology curve. False
Critical feedback undermines collaboration. False
Which of the following is a key element in the definition of MIS? organizational strategy
Because of Moore’s Law, the cost of data communications and data storage _ is essentially zero
An information system is a collection of components, including a computer, that stores and retrieves data and produces information. True
Which of the following statements best describes Moore’s Law? The number of transistors per square inch on an integrated chip doubles every 18 months.
Which of the following is necessary condition for effective collaboration the ability to give and receive critical feedback
The difference between the value that an activity generates and the cost of the activity is call the margin
The success of SouthWest airlines is an example of which of Porter’s four competitive strategies? Industry-wide cost leadership
Value chains do not exist in service-oriented companies False
which of the following is a key element in the definition of MIS organizational strategy
An _________is a collection of components, including a computer that stores and retrieves data and produces information Information System
Which of the following statements best describes Moore’s Law The number of transistors per square in on an integrated chip doubles every 18 month
Processes, systems, and information need to be created by a company to avoid falling behind the technology curve False
Which of the following is a support activity in the value chain setting up contractual arrangements for production
Non routine cognitive skills Abstract reasoningSystems thinkingCollaborationAbility to experiment
Abstract reasoning is the ability to make and manipulate models
Systems thinking is the ability to model the components of the system and to connect the inputs and outputs among those components into a sensible whole, one that explains the phenomenon observed
Collaboration give and receive critical feedback
Experimentation making a careful and reasoned analysis of an opportunity, envisioning potential products or solutions or applications of technology, and then developing those ideas that seem to have the most promise, consistent with the resources you have
MIS the management and use of processes, information systems, and information to help organizations achieve their strategies, of processes, information systems, and information to help organizations achieve their strategies
MIS definition has 3 key elements *Processes, information systems, and information*Management*Organizational strategies
Process is a way of doing things
Information systems is a collection of components, including a computer, that stores and retrieves data and produces information
Information is some form of knowledge that helps employees to do their jobs
Management of MIS as the creation, monitoring, and adapting of processes, information systems, and information
How does MIS relate to Organizational Strategy MIS exists to help organizations achieve their strategy
5 forces model can be grouped into 2 categories Competitive forces:Competition from vendors of substitutesCompetition from new competitorsCompetition from existing rivals
Bargaining power forces Bargaining power of suppliersBargaining power of customers
5 forces at flextime Competitive:*Substitutes-lower price and perceived benefits the same*New entrants-barriers to entry, capital requirements, noncapital resources*Rivalry-Price, quality, innovation, marketingSupply chain bargaining power:SupplierCustomer
Value as the amount of money that a customer is willing to pay for a resource, product, or service
Value chain is a network of value-creating activities
5 primary activities Inbound logisticsOperations/manufacturingOutbound logisticsSales & MarketingCustomer service
Inbound logistics Receiving, storing, and disseminating inputs to products
Operations/manufacturing Transforming inputs into final products
Outbound logistics Collecting, storing, and physically distributing products to buyers
Sales and marketing Inducing buyers to purchase products and providing a means for them to do so
Customer Service Assisting customers use of products and thus maintaining and enhancing the products value
4 support activities Procurement, which consists of the process of finding vendors, setting up contractual arrangements, and negotiating prices
Margin difference between the value that an activity generates and the cost of the activity

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